United States Oil Fund LP (USO) belongs to the Oil & Gas category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with USO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to USO
USO charges 0.86% annually. There are 5 ETFs in the Oil & Gas category with lower expense ratios, going as low as 0.68%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares K-1 Free Crude Oil Strategy ETF | 0.68% | 200.43M | Sep 2016 | USO vs OILK | |
| United States Gasoline Fund LP | 0.75% | 118.98M | Feb 2008 | USO vs UGA | |
| Invesco DB Oil Fund | 0.78% | 215.47M | Jan 2007 | USO vs DBO | |
| Invesco DB Energy Fund | 0.78% | 85.45M | Jan 2007 | USO vs DBE | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 0.85% | 250.20M | Apr 2017 | USO vs USOI |
Best Risk-Adjusted Alternatives to USO
USO has a PortfoliosLab risk / return rank of 46. There are 3 ETFs in the Oil & Gas category with higher risk-adjusted ranks, going as high as 82.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund LP | 82 | 118.98M | Feb 2008 | USO vs UGA | |
| Invesco DB Energy Fund | 57 | 85.45M | Jan 2007 | USO vs DBE | |
| Invesco DB Oil Fund | 47 | 215.47M | Jan 2007 | USO vs DBO | |
| United States Brent Oil Fund LP | 44 | 883.37M | Jun 2010 | USO vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | 41 | 200.43M | Sep 2016 | USO vs OILK |
Top Performing USO Alternatives (YTD)
USO is at 73.76% YTD. There are 2 ETFs in the Oil & Gas category with higher YTD returns, going as high as 103.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 103.57% | 361.56M | Nov 2008 | USO vs UCO | |
| United States Gasoline Fund LP | 85.58% | 118.98M | Feb 2008 | USO vs UGA | |
| Invesco DB Energy Fund | 69.05% | 85.45M | Jan 2007 | USO vs DBE | |
| United States Brent Oil Fund LP | 66.98% | 883.37M | Jun 2010 | USO vs BNO | |
| Invesco DB Oil Fund | 63.77% | 215.47M | Jan 2007 | USO vs DBO |
Lowest Volatility Alternatives to USO
USO has 44.93% 1-year volatility. There are 8 ETFs in the Oil & Gas category with lower 1-year volatility, going as low as 24.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 24.97% | 250.20M | Apr 2017 | USO vs USOI | |
| United States 12 Month Oil Fund LP | 29.21% | 39.62M | Dec 2007 | USO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | 29.35% | 200.43M | Sep 2016 | USO vs OILK | |
| United States 12 Month Natural Gas Fund LP | 35.12% | 10.81M | Nov 2009 | USO vs UNL | |
| United States Gasoline Fund LP | 35.77% | 118.98M | Feb 2008 | USO vs UGA |
Lowest Drawdown Alternatives to USO
USO has a 1-year max drawdown of -32.49%. There are 6 ETFs in the Oil & Gas category with shallower 1-year drawdowns, going as shallow as -20.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund LP | -20.32% | 118.98M | Feb 2008 | USO vs UGA | |
| United States 12 Month Oil Fund LP | -20.91% | 39.62M | Dec 2007 | USO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -21.19% | 200.43M | Sep 2016 | USO vs OILK | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -23.54% | 250.20M | Apr 2017 | USO vs USOI | |
| Invesco DB Energy Fund | -24.72% | 85.45M | Jan 2007 | USO vs DBE |
Other ETFs from USCF
The 4 most viewed USCF ETFs shown here include CPER, USE, ZSC and span 4 categories. AUM among these funds goes as high as $343M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| United States Copper Index Fund | Copper, Metals | 16 | 10.24% | 343.15M | Nov 2011 | USO vs CPER | |
| USCF Energy Commodity Strategy Absolute Return Fun... | Commodities | 15 | 31.03% | 2.71M | May 2023 | USO vs USE | |
| USCF Sustainable Commodity Strategy Fund | Commodities | 86 | 8.27% | 3.01M | Aug 2023 | USO vs ZSC | |
| USCF Sustainable Battery Metals Strategy Fund | Lithium & Battery Metals, Commodities | 78 | 4.29% | 2.20M | Jan 2023 | USO vs ZSB |
Often Compared With USO
Investors most often compare USO with XLE, WTI, SCO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare USO with Any Fund or Stock
Compare USO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair USO with funds that move differently
United States Oil Fund LP alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to USO.
Explore USO Diversifiers